Hello People,
I read frequently but do not post often, but I have a good story of a flip.
About 15 years ago I walked into a shop that I had been to before, but was not my regular shop. The owner was pretty rude and the store was not very customer friendly as the owner and his friends, about 5-6 of them, seemed to set up chairs near the front of the store and joke around loudly without acknowledging customers as they walked in. On Wednesday, this owner would not let you look through new releases until after 3:00 pm or so since his process involved putting the new releases on the new release wall, and then pull his subscriber’s pulls all while he goofed around with his friends.
One day on lunch I walked in and the owner was there with a couple of friends and he actually acknowledged me and said, we are closing down, all back issues are $1. I proceeded to load up on a lot of back issues. This was not during the speculation height of today as Iron Man was not even on the radar (which in my mind kicked off this current collector boom) and I pulled lots of decent runs of books with plenty first appearances.
When I got to the Sandman section there was a Sandman 8. At the time this was probably a $10 book at best. I looked it over and saw that it was maybe a NM- at most. I was close to passing on it, but at a buck I threw it in. I took it home and put it aside and didn’t think twice. It wasn’t until a few years later that I pulled the book out as I was re-bagging some books while organizing the collection. As I glanced through the opening pages I saw that this was the Editorial Edition that announced Vertigo as an imprint and it was a recalled book. At this time I was not a seller of comics, but I was pleased that I had scored a recalled book.
It was not until 2014 after being married for some years, buying my first home, and having some children that I began to find a need to sell some books to supplement my meager income. I made a killing on a lot of books dug out of .50 cent bins and dollar bins, but in hindsight what some of those same books are fetching now can make me regret selling so early, but not too much regret, as my family needed the money.
So one day I decided to take out the Sandman 8 Editorial Edition and research Ebay for completed sales with none to be found. I would have been happy to make $100 on it since I had no Idea. The auction opened and the bids started. People were accusing me of shill bidding and accusing me of all kinds of nonsense as the bids kept going up. Finally some guy from the UK hit me up and asked if I would ship international (as I had listed for domestic only). He informed that he would win this book and the cost did not matter to him as he had set funds aside to acquire this book whenever one surfaced.
The bidding closed at $800. I don’t know what Sandman 8 Editorials go for now, but the last time I saw a completed listing it was in the thousands for graded copies.
I though back to the owner of the shop who closed because of slow business. He was sitting on several key books which even at the time, would have generated some cash flow.
I have more stories, but that is easily the greatest flip.